Global Metal Finishing Chemicals Market to Reach $8.0 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (Vocus/PRWEB) January 07, 2011
Metal finishing industry uses a wide range of chemicals and processes to etch, clean and plate both metallic and non-metallic surfaces to improve their appearance and surface characteristics. Since the processes used in metal finishing operations are highly chemical intensive, the industry is known to have one of the most stringent environmental regulations the world over, particularly in the US. Environmental concerns are pressurizing the finishing companies and appliance makers as well. New chrome free primers, electronic beam and ultra violet coding systems are increasingly being used to cure coatings with less energy consumption and zero percent VOC emissions at a high speed. New coating and finishing systems are being introduced in the market, which complies with environmental standards.
Europe and the United States represent the largest markets for metal finishing chemicals worldwide, as stated by the new market research report on Metal Finishing Chemicals. However, growth is expected to emanate from the Asia-Pacific market, which is forecast to register a CAGR of more than 3.0% during the analysis period. Plating chemicals constitute the leading market segment. Galvanization and electroless plating technologies are expected to displace other processes such as chromium and cadmium electroplating. Cleaning Chemicals, including aqueous cleaners and oxygenated solvents, are all set to substitute chlorinated solvents.
Greater usage of plastic substrates are expected to push the demand, mainly of cleaning chemicals, due to the fact that plastics generally require meticulous chemical cleaning prior to the finishing process. The market is to set to grow, aided by the trend to move away from the usage of finishing chemicals containing volatile organic compounds and other unsafe air pollutants.
Among the end-use markets for metal finishing chemicals, growth prospects are expected to be bright in major markets such as electronics and electrical, motor vehicle equipment, and aerospace industries. Electronics and Electrical represents the largest end-use industry for metal finishing chemicals globally. Aerospace represents the fastest growing end use segment for the global metal finishing chemicals market. Plaforization, a new metal treatment process used in the preparation of metal surfaces for painting, has recently gained ground in the US and Canada. This methodology has been in active use in Europe for well over two decades now. There are believed to be over 400 installations throughout Europe, and more recently in Brazil too. Plaforization is the technique of organic phosphating, which involves several inherent benefits when compared to the traditional treatment processes. The process phosphates clean the parts in a single step, thereby considerably reducing unnecessary expense and space utilization.
Major players profiled in the report include Advanced Chemical Company, Atotech Deutschland GmbH, C. Uyemura & Co. Ltd., Coral Chemical Co., Elementis Chromium LP, Enthone Inc., Houghton International Inc., Lonza Group, MacDermid Inc., McGean Specialty Chemicals Group, NOF Metal Coatings North America, Quaker Chemical Corp., among others.
The research report titled “Metal Finishing Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, current market trends, new product innovations/launches, recent industry activity, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for the global metal finishing chemicals market for the years 2007 through 2015 for the regions, including US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key product segments analyzed in the report include Plating Chemicals, Conversion Coatings, Cleaning Chemicals, and Proprietary Additives & Others. The report also analyzes the global metal finishing chemicals market by the following end-use segments – Electronics and Electrical, Aerospace, Motor Vehicle Equipment, Industrial Machinery, and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Metal_Finishing_Chemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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